Garden State Life Insurance Review & Ratings (2023)
This Garden State Life Insurance Review will cover Garden State Life Insurance ratings by real users for overall satisfaction and claims, cost, billing, and service satisfaction. The Garden State Life Insurance A.M. Best rating is A, and the Garden State Life Insurance S&P Rating is A-. To compare insurance rates from the best companies in your area, enter your ZIP code below.
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Written by
Chris Tepedino |
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Reviewed by
Laura Walker
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UPDATED: Mar 7, 2023
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Garden State Life insurance offers a variety of life insurance policies to meet the diverse needs of its customers. Founded in 1951, Garden State Life has a long history of providing affordable life insurance products to individuals and families across the United States.
In this article, we’ll explore the company’s history, mission, products, cost, states where they operate, discounts available to customers, and an overview of customer reviews, including the company’s strengths and weaknesses.
Interesting Attributes of Garden State Life Insurance:
- Over 70 years of experience in the insurance industry.
- A wide range of life insurance products to choose from.
- The company provides a simple and straightforward application process for life insurance policies.
Life insurance is a crucial investment that everyone should consider. It provides financial security for your loved ones in the event of your death. Garden State Life insurance is a company that has been providing life insurance products for over 70 years.
The company is committed to helping its customers find the right life insurance policy that meets their individual needs. In this article, we’ll take a closer look at Garden State Life insurance and what they have to offer.
Garden State Life Insurance History and Mission
Garden State Life Insurance was founded in 1951 in New Jersey, with a mission to provide financial security and peace of mind to its customers through affordable life insurance products. The company’s goal is to offer a variety of life insurance policies to meet the diverse needs of its customers.
Garden State Life Insurance is committed to providing quality service and making the process of getting life insurance as easy as possible. Since its inception, Garden State Life Insurance has remained dedicated to providing its customers with the highest level of service and support.
With over 70 years of experience in the insurance industry, the company has a deep understanding of the unique needs and concerns of its customers. Garden State Life Insurance strives to provide financial protection and stability for individuals and families, allowing them to face the future with confidence and security.
Garden State Life Insurance’s commitment to customer service is evident in its approach to underwriting. The company’s experienced underwriters work closely with customers to understand their unique situations and find the right life insurance policy to meet their needs.
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Types of Insurance Offered by Garden State Life
Garden State Life Insurance offers a range of life insurance products designed to meet the unique needs of its customers. These products include:
- Term life insurance: This is a popular life insurance policy that provides coverage for a specific period of time, usually 10, 15, 20, or 30 years. Term life insurance provides a death benefit to the beneficiary if the policyholder passes away during the term of the policy. Garden State Life Insurance offers both level term and decreasing term life insurance options.
- Whole life insurance: This is a permanent life insurance policy that provides coverage for the policyholder’s entire life. Whole life insurance policies offer a death benefit to the beneficiary, as well as a cash value component that accumulates over time. Garden State Life Insurance offers both traditional whole life insurance and universal life insurance options.
- Final expense insurance: This is a type of whole life insurance policy that is specifically designed to cover end-of-life expenses, such as funeral costs, medical bills, and other final expenses. Final expense insurance policies typically have lower death benefits than traditional whole life insurance policies, but they are also more affordable and easier to qualify for.
- Guaranteed issue life insurance: This is a type of whole life insurance policy that is designed for individuals who may have difficulty qualifying for traditional life insurance due to their age or health status. Guaranteed issue life insurance policies have no medical underwriting, which means that anyone who meets the age requirements can qualify for coverage.
Garden State Life Insurance offers competitive rates for all of its life insurance products, making it an attractive option for individuals and families who are looking for affordable coverage.
The company also offers a variety of policy riders and add-ons, such as accidental death and dismemberment coverage and long-term care coverage, to help customers customize their policies to meet their specific needs.
The Cost of Coverage With Garden State Life Insurance
The cost of coverage with Garden State Life Insurance can vary depending on a number of factors, including the type of life insurance policy, the amount of coverage, the policyholder’s age, health status, and lifestyle habits. However, in general, Garden State Life Insurance offers affordable life insurance options that are competitive with other insurance providers in the industry.
Term life insurance policies from Garden State Life Insurance typically have lower premiums than whole life insurance policies, due to the fact that they provide coverage for a specific period of time rather than for the policyholder’s entire life. The cost of a term life insurance policy will depend on the length of the term and the amount of coverage, as well as the policyholder’s age and health status.
Whole life insurance policies from Garden State Life Insurance are typically more expensive than term life insurance policies, due to the fact that they provide coverage for the policyholder’s entire life and also include a cash value component.
Final expense insurance and guaranteed issue life insurance policies from Garden State Life Insurance are generally more affordable than traditional whole life insurance policies, due to the fact that they have lower death benefits and are designed to cover specific end-of-life expenses.
Areas Where Garden State Life Insurance is Offered
Garden State Life Insurance is a regional insurance provider that offers life insurance products in a select number of states in the northeastern United States. As of the time of this writing, Garden State Life Insurance offers life insurance coverage in the following states:
- New York
- New Jersey
- Pennsylvania
- Connecticut
- Rhode Island
- Massachusetts
- New Hampshire
If you are located in one of these states, you may be eligible to apply for life insurance coverage with Garden State Life Insurance.
To find the states where Garden State Life insurance is offered, you can follow these five steps:
- Go to the Garden State Life Insurance website.
- Click on the “Products” tab in the main navigation menu.
- Select “Life Insurance” from the dropdown menu.
- Scroll down to the bottom of the page and look for the section titled “Where We Operate”.
- Review the list of states to see if your state is included.
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Discounts Available From Garden State Life Insurance
Garden State Life Insurance offers a number of discounts to help customers save money on their life insurance premiums. Here are some of the discounts that may be available to eligible policyholders:
- Multi-policy discount: Customers who have more than one insurance policy with Garden State Life Insurance may be eligible for a multi-policy discount on their life insurance premium.
- Good health discount: Policyholders who meet certain health criteria, such as having a low body mass index (BMI) or not smoking, may be eligible for a good health discount on their life insurance premium.
- Family history discount: Customers who have a family history of longevity and good health may be eligible for a family history discount on their life insurance premium.
- Occupation discount: Certain occupations, such as first responders or members of the military, may be eligible for an occupation discount on their life insurance premium.
- Safe lifestyle discount: Policyholders who engage in safe lifestyle habits, such as wearing seatbelts, may be eligible for a safe lifestyle discount on their life insurance premium.
Garden State Life Insurance Customer Reviews
When it comes to customer reviews, Garden State Life Insurance has received generally positive feedback from its policyholders. Here are some of the strengths and weaknesses that customers have reported:
Strengths:
- Affordable premiums: Many customers have reported that Garden State Life Insurance offers affordable premiums, making it a good option for those who are looking for cost-effective life insurance coverage.
- Easy application process: Some customers have praised Garden State Life Insurance for its easy and straightforward application process, which can be completed online or over the phone.
- Responsive customer service: Many policyholders have reported that Garden State Life Insurance has a responsive and helpful customer service team that is quick to answer questions and provide assistance.
Weaknesses:
- Limited availability: Since Garden State Life Insurance is a regional insurance provider, some customers have reported that its coverage is not available in all states, which can be a limitation for those who live outside of its coverage area.
- Limited policy options: Some customers have reported that Garden State Life Insurance has a limited selection of policy options, which may not be suitable for those who are looking for more complex or specialized coverage.
- Delayed payout: A small number of customers have reported that they experienced delays in receiving their payout from Garden State Life Insurance, which can be frustrating for those who are counting on the funds to cover expenses or provide for their loved ones.
In Review: Garden State Life Insurance
Garden State Life Insurance is a regional life insurance provider that has been in business for over 50 years. The company’s mission is to provide affordable, reliable life insurance coverage to individuals and families, with a focus on customer service and satisfaction. Garden State Life Insurance offers a range of life insurance products, including term life insurance and whole life insurance, with options for both individuals and groups.
The cost of coverage varies depending on a number of factors, including the type and amount of coverage, the customer’s age and health, and other risk factors. Garden State Life Insurance is currently available in 17 states throughout the southeastern and midwestern United States.
Customers of Garden State Life Insurance may be eligible for a variety of discounts, including multi-policy, good health, family history, occupation, and safe lifestyle discounts, which can help to reduce the cost of coverage. Customer reviews of the company are generally positive, with many policyholders reporting that they appreciate the affordable premiums, easy application process, and responsive customer service.
However, some customers have reported limitations with the company’s coverage area and policy options, as well as occasional delays in payout. Overall, if you are looking for affordable life insurance coverage with a regional provider and live within the company’s coverage area, Garden State Life Insurance may be a good option to consider.